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Rapidus secures 150 billion yen (US$943 million) in a funding round led by the Information-Technology Promotion Agency (IPA) to enhance its foundry capabilities.
Sep 01, 2026•3 days ago
Description
Rapidus, a Japanese foundry startup, has successfully completed an additional funding round of 150 billion yen (US$943 million). This funding was provided by the Information-Technology Promotion Agency (IPA), increasing Rapidus' total funding to 424.95 billion yen (US$2.65 billion). The company aims to enhance its competitiveness in the foundry market with advanced technologies. Rapidus is developing a leading-edge 2nm GAA process projected to enter production in 2027.
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